A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.”
Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.
In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin still has huge room for growth at current levels of $11,700.
Halving multiples give up to $1.6 million BTC price
Comparing lows, highs and halving prices from its two previous halving cycles, ChartsBTC put the difference between peaks at 36x for the 2012 cycle and 17x for the 2016 cycle.
In order to repeat even the more modest cyc
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